Square Mile to test its resistance to terror attack

The largest exercise in the world to prepare a financial system for terrorist attack or other disaster will take place in the City of London on November 28. At least 80 firms are expected to participate in a scenario which is intended to test the financial system to its limits.

The Financial Services Authority, which with the Bank of England and the Treasury is responsible for ensuring that financial markets can withstand a crisis, gave bankers an outline, but not details, of the exercise last week.